53 RD ANNUAL CONGRESS IN LONDON 2-5 SEPTEMBER 2015 MARINE INSURANCE DENYING COVER AS A MARINE INSURER: PLAIN SAILING OR DEAD IN THE WATER?
|
|
- May Rosanna Woods
- 8 years ago
- Views:
Transcription
1 53 RD ANNUAL CONGRESS IN LONDON 2-5 SEPTEMBER 2015 MARINE INSURANCE DENYING COVER AS A MARINE INSURER: PLAIN SAILING OR DEAD IN THE WATER? A WORKSHOP ORGANIZED BY THE TRANSPORT LAW COMMISSION 1
2 QUESTIONNAIRE Traditionally, marine insurance may cover a broad range of perils, damage and losses related to ships and watercrafts sailing on the high seas or inland waterways, and the cargoes they carry. For vessel owners and charterers, marine insurance covers risks, which allows them to avoid losses and run their business with the certainty that their exposure to the risks insured is covered. However, marine insurance is not meant to cover all risks, and there are obligations which the insured must fulfil to be able to make a claim. Accordingly, certain express or implied warranties or other terms limit the scope of exposure for marine insurers, and a breach of such warranties or terms may allow the insurers to escape liability. In continuation of the pre-congress seminar Marine Insurance: Covering the Vessel s Life from Cradle to Grave, the Transport Law Commission will organize a workshop at the 53 rd annual congress in London on 2-5 September 2015, which will focus on of hull & machinery (H&M) and protection & indemnity (P&I) insurers grounds for denying coverage, in the event of a breach of an express or implied warranty in the policy, or other objectionable conduct by the insured. This questionnaire will form the basis for the national reports, which are to be prepared by each national reporter in accordance with the laws of her or his country in preparation for the workshop. The questions are: 1. Which laws and rules govern contracts of insurance, including H&M and P&I insurance, in your jurisdiction? The United States has a bifurcated legal system. The Constitution creates a federal system of government whereby power is shared between the jurisdictions of the federal government and, in turn, the separate state governments of the fifty states (and various U.S. territories). In this fashion, there are generally two basic categories of laws and rules applied within the United States: federal law, and state law. Both sets of laws are comprised of codified statutory and common judge made law. Generally, federal law uniformly applies to the entire nation as a whole (i.e., the fifty states and territories), whereas state law separately applies within the jurisdictional confines of the particular state at issue. In contrast to the United Kingdom, the law of marine insurance in the United States has never been codified into federal statutory law. To the contrary, in the seminal case of Wilburn Boat Co. V. Fireman s Fund Ins. Co., 348 U.S. 310 (1955), the United States Supreme Court (the highest court in the nation) held that marine insurance is governed by both federal maritime law and state law. Pursuant to Wilburn Boat, in resolving a particular marine insurance issue a court must initially determine if an established federal maritime law rule associated with marine insurance should be followed. In the absence of such a rule, a court must determine if it should create a new federal rule to apply to the dispute. If not, then a court must apply the applicable state law rule to the marine insurance 2
3 dispute. There is a general presumption against creating a federal admiralty rule in such instances, and in favour of the application of state law insurance principles to the marine insurance dispute. Accordingly, in practical terms the law of marine insurance in the United States is largely controlled by state law insurance rules, and as a result, Wilburn Boat can lead to conflicts of law between the states vis a vis a particular marine insurance dispute. The state with the greatest interest in the dispute typically is chosen to provide the law to be applied, although the parties are free to (and often) include a contractual choice of law clause in their insurance agreement that will generally be enforceable unless that clause is found to be unjust or unreasonable. An overarching principle running throughout the American law of marine insurance (both at the state and federal levels) is the duty of utmost good faith, or uberrimae fidei. The duty of utmost good faith requires the assured to voluntarily disclose to the insurer every circumstance and fact known to the assured that would be material to affecting the underwriter s decision to insure against the risk at issue. If the assured fails to disclose all material information known to him at the time of underwriting, then the insurer may be allowed to later avoid the policy. Of course, the assured s alleged material misrepresentation and/or nondisclosure is an issue that is often analyzed under state law as a result of Wilburn Boat. 2. Do the laws and rules governing contracts of H&M and P&I insurance prescribe any post-inception warranties or other terms, which if breached by the insured may allow the insurer to deny or limit coverage of an insured event? If so, please identify such warranties and terms and state specifically whether (i) unseaworthiness, (ii) deviation from the agreed vessel trading area or route, (iii) violation of safety rules and/or (iv) negligence, gross negligence or wilful misconduct of the insured may cause loss or limitation of coverage. American maritime law provides for various post-inception common law warranties (in addition to any express warranties contained within the insurance agreement) which - if breached - may allow an insurer to deny or limit coverage of an insured event, depending on the facts at issue. An implied warranty of seaworthiness exists in every hull insurance policy (both voyage and time), with two aspects: first, an absolute warranty by the assured that the vessel is seaworthy at the start of the insurance policy, and second, a negative burden that an owner will not knowingly (or in some instances, negligently) allow a vessel to break ground at the start of a voyage in an unseaworthy condition. In contrast, U.S. maritime law does not recognize an implied warranty of seaworthiness in a P & I policy, as such policies are per se designed to cover the shipowner s own negligence. The second major implied marine insurance warranty recognized under American law is the doctrine of deviation. In general terms, and with respect to voyage policies, the marine insurer will only accept the risk of a particular voyage via the customary trade route. If a vessel deviates from the generally accepted 3
4 commercial route, the insurer may potentially be discharged from liability with respect to events which occur during the deviation (which were arguably not contemplated by the insurer in the first instance). 3. Under which conditions may a breach of the warranties or other terms identified in reply to question 2 cause loss or limitation of coverage? As part of your answer, please describe how the burden of proof is allocated. The analysis of a breach of warranty dispute is always a very fact intensive inquiry that will necessarily turn upon the specific circumstances of each case, as well as the precise terms of the marine insurance policy in question. In general, U.S. maritime law distinguishes between voyage and time policies with respect to evaluating the implied warranty of seaworthiness. In voyage policies, the implied warranty of seaworthiness is connected to the particular voyage at issue the vessel must be seaworthy for the transit in question (i.e., a vessel that is seaworthy for a voyage in the U.S. Gulf of Mexico in July may very well be unseaworthy for a voyage in the Bering Sea in December). With respect to time policies, the assured s obligation is more curtailed, and a breach occurs only if he had knowledge 1) of the facts constituting the unseaworthiness and 2) knowledge that such facts rendered the vessel unreasonably unfit to encounter the perils of the sea. As the implied warranty of seaworthiness assumes that the vessel is seaworthy at the outset, the burden of proving to the contrary is placed upon the insurer. With respect to the doctrine of deviation, the issue of whether a bona fide deviation has occurred is determined by reference to the terms of marine insurance policy in question, the facts at issue, and also the usages and customs of the particular maritime trade. Because it is implied that the vessel will not deviate from its intended or customary course, the burden of proof is on the insurer to prove deviation. 4. Are the warranties or other terms identified in reply to question 2 mandatory, or may they be deviated from by contract either to the advantage of the insurer or to the advantage of the insured, or both. Is the insurer allowed to incorporate additional warranties or terms in contracts of H&M and P&I insurance, a breach of which may cause loss or limitation of coverage? As noted above, the seaworthiness and deviation warranties are implied into the insurance agreement under United States general maritime law. Of course, there are various additional express warranties (for example, warranties as to crew, nationality, trading limits, and even warranties that concern high water bilge alarms) which are often contained as contractual undertakings in the underlying marine insurance agreement. The advantage of such a warranty may flow to either party to the marine insurance agreement, as long as the term is not unconscionable. A breach of an express warranty in a marine insurance agreement may result in a loss or limitation of coverage, depending on the facts and the precise language used. 4
5 5. Will a choice of law clause in the H&M policy or P&I club s rules be recognised in your jurisdiction to the effect that the existence of such warranties and terms as are mentioned in question 2 and the consequences of their breach will be governed by the law chosen? In general terms, forum selection and choice of law clauses which are contained within a marine insurance agreement are enforceable in the United States, assuming the express terms are clear and unambiguous. Such clauses will be upheld unless enforcement of the clause would be unjust or unreasonable. 6. Unless covered by your replies above, is there any case law in your jurisdiction which considers an H&M insurer s or P&I club s right to deny coverage, in accordance with the H&M policy or the P&I club's rules or otherwise, as a result of an insurance event having been caused by (i) unseaworthiness, (ii) deviation from the agreed vessel trading area or route, (iii) violation of safety rules or (iv) negligence, gross negligence or wilful misconduct of the insured? There is a long established and well-developed jurisprudence of marine insurance law in the United States spanning back to the early 19 th century, both by way of state and federal court opinions and arbitration panel decisions. These opinions span the entire range of marine insurance legal issues, particularly the right of a H&M insurer or P&I Club s right to deny coverage for the various examples listed above. National reporter are requested to complete their reports and submit them to the President of the Transport Law Commission, Niels Jørn Friborg, njf@hafnialaw.com, in accordance with the instructions given in the cover . 5
Marine Insurance Aspects of Ship Financing
7 th Annual Marine Money Korea Marine Insurance Aspects of Ship Financing B.S.Park Chief Operating Officer Korea P&I Club bspark@kpiclub.or.kr www.kpiclub.or.kr 1 Insurance Aspects of Securing Shipping
More informationCase 2:04-cv-02667-EEF-JCW Document 37 Filed 04/26/06 Page 1 of 10 UNITED STATES DISTRICT COURT EASTERN DISTRICT OF LOUISIANA
Case 2:04-cv-02667-EEF-JCW Document 37 Filed 04/26/06 Page 1 of 10 UNITED STATES DISTRICT COURT EASTERN DISTRICT OF LOUISIANA CLYDE CHAMBERS VERSUS CIVIL ACTION NO. 04-2667 SECTION T JOSHUA MARINE, INC.
More informationMARINE INSURANCE COVERAGE FOR NEGLIGENCE
MARINE INSURANCE COVERAGE FOR NEGLIGENCE Presented to the MARINE INSURANCE ASSOCIATION OF BRITISH COLUMBIA May 29, 2006 Presented by: Brad M. Caldwell Caldwell & Co. 401 815 Hornby St. Vancouver, B.C.,
More informationScandinavian Maritime Law
Thor Falkanger - Hans Jacob Bull Lasse Brautaset Scandinavian Maritime Law The Norwegian Perspective Universitetsforlaget Contents 1 INTRODUCTION 23 1.1 What is maritime law? 23 1.2 The unique characteristics
More informationMarine Insurance Day October 5, 2012 Additional Insureds & Marine Insurance. Joe Grasso and Michael Thompson
Marine Insurance Day October 5, 2012 Additional Insureds & Marine Insurance Joe Grasso and Michael Thompson 1 Agenda General Principles Case Studies Takeaways and Q&A 2 Named Insureds v. Additional Insureds
More informationIN THE UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT
IN THE UNITED STATES COURT OF APPEALS United States Court of Appeals FOR THE FIFTH CIRCUIT Fifth Circuit F I L E D October 9, 2009 No. 08-60898 Charles R. Fulbruge III Clerk GREAT LAKES REINSURANCE (UK)
More informationSHIP ARREST IN PANAMA.
SHIP ARREST IN PANAMA. The Republic of Panama with its strategic geographic position, democratic and stable government, and well established maritime judicial system, fully equipped to handle all types
More informationINTERNATIONAL SALVAGE UNION SUB CONTRACT LUMPSUM AGREEMENT "S A L V C O N 2 0 0 5" GUIDANCE NOTES
INTERNATIONAL SALVAGE UNION SUB CONTRACT LUMPSUM AGREEMENT "S A L V C O N 2 0 0 5" GUIDANCE NOTES This Agreement, "SALVCON", is intended to be used by a Salvor working under Lloyd's Form, or similar contract,
More informationGard s Defence Cover. Gard AS, April 2010 1
Gard s Defence Cover The purpose of the Defence Cover is to indemnify the Assured s liabilities for legal and other costs necessarily incurred in establishing and defending claims arising out of the operation
More informationWar Insurance Conditions for Vessels of 1st January 2006
War Insurance Conditions for Vessels of 1st January 2006 These Conditions are approved by the Swedish Transport Insurance Pool and The Swedish Shipowner s Association and are only intended as a guidance.
More informationWeekly update. A Clyde & Co case on the applicable law of an arbitration agreement in an insurance policy. Sealion Shipping v Valiant
Insurance and reinsurance 31 January 2012 Weekly update Welcome to the third edition of Clyde & Co s (Re)insurance and litigation caselaw weekly updates for 2012. These updates are aimed at keeping you
More informationThe Importance of Class in Marine Insurance, Claims, and Legal Liabilities
The Importance of Class in Marine Insurance, Claims, and Legal Liabilities AUGUST 2014 CHRISTIAN OTT VICE PRESIDENT HEAD OF CLAIMS SKULD SINGAPORE BRANCH The Importance of Class to a Vessel s Marine Insurance
More informationPiracy Does it give rise to a claim for General Average?
Piracy Does it give rise to a claim for General Average? Raymond T C Wong 王 德 超 Average Adjuster A vessel with cargo on board is being detained by pirates in Somalia and a ransom of US$3m has been demanded
More informationArbitration in Seamen Cases
Arbitration in Seamen Cases Recently, seamen have been facing mandatory arbitration provisions in their employment agreements which deny them their rights to a jury trial under the Jones Act, and also
More informationLEGAL ASPECTS OF CREWS & CREWING James Trumble 5 Essex Court
LEGAL ASPECTS OF CREWS & CREWING James Trumble 5 Essex Court From a legal point of view there are two distinct areas where the law is relevant to matters involving crew. The first is in relation to claims
More informationDEMISE CHARTER AGREEMENT Bare Boat Charter
DEMISE CHARTER AGREEMENT Bare Boat Charter This Charter Agreement entered into on this the day of, 20, between hereinafter referred to as the Owner and or their assignee (hereinafter referred to as the
More informationANSWERS ON BEHALF OF THE CANADIAN MARITIME LAW ASSOCIATION TO THE COMITE MARITIME INTERNATIONAL QUESTIONNAIRE
ANSWERS ON BEHALF OF THE CANADIAN MARITIME LAW ASSOCIATION TO THE COMITE MARITIME INTERNATIONAL QUESTIONNAIRE THE IMPLEMENTATION IN NATIONAL LAW OF MANDATORY INSURANCE PROVISIONS IN INTERNATIONAL CONVENTIONS
More informationSYLLABUS FOR MARITIME PERSONAL INJURY AND DEATH
SYLLABUS FOR MARITIME PERSONAL INJURY AND DEATH Spring 2016 PROFFESSOR JOHN F. UNGER 1 LEARNING OBJECTIVES The objectives of this course are to teach the substantive law of the subject matter integrated
More informationThe Duty of Utmost Good Faith
IBA Insurance Committee Substantive Project 2014 The Duty of Utmost Good Faith Edited by Assunta Di Lorenzo Copyright 2014 International Bar Association. All rights reserved. The materials compiled herein
More informationAPPROVAL OF COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEM USED ON BOARD SHIPS
APPROVAL OF COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEM USED ON BOARD SHIPS!"# $%&# '!"#$(&# )**+, - &()**+, -*.'%#/ %). 0 '1'2333)%). ARTICLE 1 MARINE DIVISION GENERAL CONDITIONS 1.1. - BUREAU VERITAS
More informationLIABILITIES AND REMEDIES OF BOAT DEALERS, BROKERS AND REPAIRERS
LIABILITIES AND REMEDIES OF BOAT DEALERS, BROKERS AND REPAIRERS Prepared by Christopher Giaschi An earlier version of this paper was presented at the 1995 Industry Conference and Trade Show of the British
More informationMARINE INSURANCE ARRANGEMENT OF SECTIONS
[CH.349 1 CHAPTER 349 ARRANGEMENT OF SECTIONS SECTION 1. Short title. Marine Insurance 2. Marine insurance defined. 3. Mixed sea and land risks. 4. Marine adventure and maritime perils defined. Insurable
More informationMARINE INSURANCE ACT CHAPTER 390 CAP. 390. Marine Insurance LAWS OF KENYA
CAP. 390 LAWS OF KENYA MARINE INSURANCE ACT CHAPTER 390 Revised Edition 2012 [1970] Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org CAP.
More informationDoctorate of Maritime Law. 24 credit thesis
Master of Maritime Law Doctorate of Maritime Law Postmaster 40 credits 72 credits 56 credits 24 credit thesis Master of International and Maritime Law IML 5001 Admiralty Law 4 IML 5110 International Contracts
More informationWARRANTIES IN MARINE INSURANCE
WARRANTIES IN MARINE INSURANCE Prepared by Christopher J. Giaschi Presented to the Association of Marine Underwriters of British Columbia at Vancouver on April 10, 1997 INTRODUCTION The law of warranties
More informationMaritime law of salvage and analysis of laws protecting the salvor s Interest
Maritime law of salvage and analysis of laws protecting the salvor s Interest Francis Lansakara 1 ABSTRACT: Under maritime law salvage is encouraged and given priority with respect to salvage awards in
More informationStephen Mills. Appropriately hands-on without being overpowering. he worked tirelessly to achieve a settlement
Stephen Mills Appropriately hands-on without being overpowering he worked tirelessly to achieve a settlement Client feedback Overview Stephen Mills has been mediating shipping and marine insurance and
More informationThe passage through the Northern Sea Route: the cases decided in Russian courts
The passage through the Northern Sea Route: the cases decided in Russian courts Aibek Ahmedov, LL.M. (UEA), partner at KIAP Attorneys-at-law, head of shipping and transport practice and arbitrator at Russian
More informationCharleston School of Law: Admiralty and Maritime Law LLM Program
Charleston School of Law: Admiralty and Maritime Law LLM Program The Charleston School of Law in Charleston, South Carolina, will offer an advanced degree program in Admiralty and Maritime Law in the Fall
More informationChapter 2 The Marine Insurance Act 1906
Chapter 2 The Marine Insurance Act 1906 Insurance through a broker Book says broker costs nothing to assured Not entirely correct as brokerage is an expense for underwriter in the product he is offering,
More informationMarine Professional Negligence Insurance
Marine Professional Negligence Insurance PROPOSAL FORM for MarINE ProfESSIoNalS and logistics Details of applicant 1. Company name, address and contact details Postcode 2. Subsidiary, affiliated or associated
More informationBrief Explanation of the Marine Cargo Act 1906
Brief Explanation of the Marine Cargo Act 1906 Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between
More informationCLASSIFICATION SOCIETIES - their key role
CLASSIFICATION SOCIETIES - their key role Leading the way: dedicated to safe ships and clean seas, IACS Members make a unique contribution to maritime safety and regulation through technical support, compliance
More informationHow To Enforce A Risk Shifting Clause In A Marine Service Contract
Risk Shifting Provisions in Maritime Contracts Issues Considered Issues Considered Risk Shifting Provisions in Marine Service Contracts Validity of Risk Shifting Provisions Other Considerations of Validity
More informationThe Regents of the University of California Guidelines for Vessel Charters
The Regents of the University of California Guidelines for Vessel Charters This document is provided to outline the risk management guidelines when the University charters non-owned vessels. A charter
More informationCILA. CH 1 Introduction to the Insurance Industry
UTMOST GOOD FAITH CILA CH 1 Introduction to the Insurance Industry 36 Utmost Good Faith 6. UTMOST GOOD FAITH Contents 6.1 The Principle 6.2 The Legal Position Case Law 6.3 How Utmost Good Faith is Applied
More information23rd September 2010 Tony Paulson
Salvage & Marine Firefighting Regulations a P&I Perspective 23rd September 2010 Tony Paulson Content P&I Club system The International Group and its Sub-Committees Salvage the P&I view The Clubs input
More informationACC Houston Chapter Meeting
ACC Houston Chapter Meeting Indemnities and Insurance: Managing Risks Via Contracts in the Post-Macondo World April 9, 2013 Panelists Lisa Brown Managing Counsel, Oxy Permian Former outside counsel. Received
More informationi) Question Type The following are guidelines on the type of questions and their approximate weightings:
Business Law [LW1] Examination Blueprint 2014-2015 Purpose The Business Law [LW1] examination has been constructed using an examination blueprint. The blueprint, also referred to as the test specifications,
More informationHow To Get A Premium From A Premium Car Insurance Policy In Australia
INSURANCE CONTRACT LAW REFORM June 2012 Consultation Paper 3 S 17 Marine Insurance Act 1906 utmost good faith. S 18 MIA duty of disclosure. S19MIA Brokers duty of disclosure. S 20 MIA Representations.
More informationINTER-CLUB NEW YORK PRODUCE EXCHANGE AGREEMENT 1996 (AS AMENDED SEPTEMBER 2011)
Member Circular No. 07-11 August 2011 INTER-CLUB NEW YORK PRODUCE EXCHANGE AGREEMENT 1996 (AS AMENDED SEPTEMBER 2011) The Inter-Club New York Produce Exchange Agreement, which was first formulated and
More informationMARITIME LIEN FOR SEAFARERS WAGES IN GERMANY. This document is not intended to be legal advice, nor does it constitute legal advice.
MARITIME LIEN FOR SEAFARERS WAGES IN GERMANY This Guide deals with the rights of seafarers of any nationality to unpaid or underpaid wages in respect of German flagged ships, and foreign ships which are
More informationTO DENY COVERAGE OR NOT DENY COVERAGE?: QUESTIONS UNDERWRITERS MUST ASK WHEN DECIDING TO ACCEPT A MARINE CLAIM
FORT LAUDERDALE MARINER S CLUB Annual Seminar October 30, 2002 TO DENY COVERAGE OR NOT DENY COVERAGE?: QUESTIONS UNDERWRITERS MUST ASK WHEN DECIDING TO ACCEPT A MARINE CLAIM ****** SPEAKER: KEITH S. BRAIS,
More informationMARITIME LIEN FOR SEAFARERS WAGES IN LIBERIA
MARITIME LIEN FOR SEAFARERS WAGES IN LIBERIA This Guide deals with the rights of seafarers of any nationality to unpaid or underpaid wages in respect of Liberian flagged ships, and foreign ships which
More informationPERSONAL INJURIES AND DEATHS IN THE USA
PERSONAL INJURIES AND DEATHS IN THE USA This Guide explains national law when seafarers are injured or killed in a port in the USA or on a USA flagged ship. This document is not intended to be legal advice,
More informationCurriculum Vitae Robert Margolis
Giaschi & Margolis BARRISTERS AND SOLICITORS 401-815 Hornby Street Telephone (604) 681-2866 Facsimile (604) 681-4260 V6Z 2E6 Email: giaschi@admiraltylaw.com CANADA Internet: www.admiraltylaw.com Curriculum
More informationThe Expert Navigators in Maritime, Transportation and Insurance Law
The Expert Navigators in Maritime, Transportation and Insurance Law Isaacs & Co. is one of Canada's leading full-service maritime, transportation and insurance law firms and concentrates on all areas of
More informationMARINE INSURANCE BULLETIN
Shipping March 2015 MARINE INSURANCE BULLETIN Welcome to the March edition of our Marine Insurance Bulletin. The Commercial Court has recently handed down judgment in the first stage of the BRILLANTE VIRTUOSO
More informationMarine Insurance Act 1906
Marine Insurance Act 1906 1. MARINE INSURANCE DEFINED A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent thereby by agreed,
More informationUnit-2- Marine Insurance
Unit-2- Marine Insurance Meaning- Procedure of taking marine insurance policy- Difference between fire and marine insurance- clauses of marine insurance policy- marine losses and perils- Types of policy
More informationINTRODUCTORY COMMENT
INTRODUCTORY COMMENT These instructions were prepared for use in an action brought under maritime common law and the Jones Act, 46 U.S.C. 688, by a "seaman" against his or her employer. The instructions
More informationAllianz Global Corporate & Specialty Hull, Protection & Indemnity and Marine Liability Insurance
Allianz Global Corporate & Specialty Hull, Protection & Indemnity and Marine Liability Insurance Comprehensive cover, flexible solutions Allianz Global Corporate & Specialty at a glance Full range of products
More informationIN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN
IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - MARKEL AMERICAN INSURANCE COMPANY, Plaintiff-Counterclaim
More informationPresentation by. Nigel Carden (UK P&I Club) Chairman, IGP&I Maritime Security Subcommittee
International Group of P&I Clubs Piracy and Armed Robbery at Sea How Best to Protect Seafarers PIRACY and P&I INSURANCE Presentation by Nigel Carden (UK P&I Club) Chairman, IGP&I Maritime Security Subcommittee
More informationCOMITE MARITIME INTERNATIONAL THE IMPLEMENTATION IN NATIONAL LAW OF MANDATORY INSURANCE PROVISIONS IN INTERNATIONAL CONVENTIONS
Esplanade 6, 20354 Hamburg Telefon: 040/350 97-0 Telefax: 040/350 97 211 E-Mail: Info@Seerecht.de www.seerecht.de COMITE MARITIME INTERNATIONAL THE IMPLEMENTATION IN NATIONAL LAW OF MANDATORY INSURANCE
More informationAIMU FPA and WA CARGO CLAUSES (1/1/2004) COMPARED WITH THE LONDON INSTITUTE CARGO CLAUSES (B) and (C) (1/1/2009)
AIMU FPA and WA CARGO CLAUSES (1/1/2004) COMPARED WITH THE LONDON INSTITUTE CARGO CLAUSES (B) and (C) (1/1/2009) AIMU TERMS 1 LONDON INSTITUTE DIFFERING TERMS 2 COMMENTS With Average Coverage for particular
More informationGalleon Marine Insurance Agency 37/39 Lime Street, London, EC3M 7AY United Kingdom +44 (0)20 7398 3310 contactus@galleon.uk.com www.galleon.uk.
Galleon Marine Insurance Agency PRODUCT SUMMARY PROFESSIONAL INDEMNITY COVER Service providers to the shipping, transport and oil & gas sectors, Including: Ship agents Ship brokers Ship managers Lloyd's
More informationMARINE INSURANCE GUIDELINES
MARINE INSURANCE GUIDELINES What is Marine Insurance? Marine Insurance, is a contract whereby for a consideration stipulated to be paid by one interested in a ship or cargo that is subject to the risks
More informationGard AS, September 2005 1
p&i Gard s CGL offshore cover for supply vessels and specialist craft The purpose of the cover afforded by the Association is to make available a comprehensive insurance package to meet most of the liabilities
More informationA COMPARATIVE ANALYSIS OF THE HAGUE-VISBY RULES, THE HAMBURG RULES AND THE ROTTERDAM RULES
A COMPARATIVE ANALYSIS OF THE HAGUE-VISBY RULES, THE HAMBURG RULES AND THE ROTTERDAM RULES FRANCESCO BERLINGIERI * This comparative analysis will be divided in the following three parts: I. Matters regulated
More informationfar more common case where concern for human safety has dictated the abandonment of the vessel, rights of ownership remain.
THE LAW OF SALVAGE Important Disclaimer: The following article contains general legal information which is designed to give a broad understanding to ocean racers of some matters which may be of interest
More informationHow To Arrest A Ship
SHIP ARREST IN ASIA AND U.S.A. A brief overview Ronald Sum, Partner Blank Rome Solicitors 15 October 2011 Blank Rome Maritime Practice Blank Rome s notable combinations with the maritime practices of Dyer
More informationEnergy & Shipping Seminar LIABILITY INSURANCE
Institute of Energy for SE Europe - IENE IENE Eugenides Foundation Conference Center, Athens 3 rd of February 2012 Energy & Shipping Seminar LIABILITY INSURANCE George Koutinas Engineer, Insurance Expert
More informationA reckless disregard for the safety of property and/or human life.
Definitions Combined Single Limit Insured Legal Liability Natural Person Recklessness Third Party Vessel The maximum liability of the Insurers under this policy in respect of any one incident.this may
More informationBULLETIN 96-7 FREQUENT PROBLEMS FOUND IN FILINGS
1 of 8 6/25/2008 3:39 PM BULLETIN 96-7 FREQUENT PROBLEMS FOUND IN FILINGS Property and Casualty Lines Over the years we have found that insurance companies consistently fail to make their forms and filings
More informationPracticalities of ship arrest in Hong Kong and Mainland China. Issues to consider Hong Kong Mainland China
Practicalities of ship arrest in Hong Kong and Mainland China Until recently, ship arrest had been supplemented or, in some cases, replaced by the use of Rule B attachments of electronic funds transfers
More informationMaritime Law of Salvage and Adequacy of Laws Protecting the Salvors Interest
International Journal on Marine Navigation and Safety of Sea Transportation Volume 6 Number 3 September 2012 Maritime Law of Salvage and Adequacy of Laws Protecting the Salvors Interest F. Lansakara Master
More informationMARITIME LIEN FOR SEAFARERS WAGES IN GREECE
MARITIME LIEN FOR SEAFARERS WAGES IN GREECE This Guide deals with the rights of seafarers of any nationality to unpaid or underpaid wages in respect of Greek flagged ships, and foreign ships which are
More informationAIMU / MICA Marine Claims Adjusting Seminar Loss Case Reserving: An Art or a Science?
AIMU / MICA Marine Claims Adjusting Seminar Loss Case Reserving: An Art or a Science? Larry Jeronimo - Moderator, Zurich Insurance Tom Lynch Panelist, CSL Global Steve Gillen Panelist, Zurich Insurance
More informationMultiModal Liability RaetsMarine The fixed premium P&I specialist
MultiModal Liability RaetsMarine The fixed premium P&I specialist MultiModal - Ports & Logistics MultiModal liabilities are the contractual and legal liabilities of the operator in the transport chain
More informationMODEL CONTRACTS FOR SMALL FIRMS LEGAL GUIDANCE FOR DOING INTERNATIONAL BUSINESS
MODEL CONTRACTS FOR SMALL FIRMS LEGAL GUIDANCE FOR DOING INTERNATIONAL BUSINESS International Trade Centre, August 2010 Contents Foreword Acknowledgements Introduction Chapter 1 International Contractual
More informationLiquidated damages or contractual penalty
Liquidated damages or contractual penalty Under Swiss law Swiss law plays an important role in international contracts in general and in contracts for construction projects in particular. Swiss law is
More informationUBS Electronic Trading Agreement Global Markets
UBS Electronic Trading Agreement Global Markets Version: 1.1 November 2014 I. UBS ELECTRONIC TRADING AGREEMENT 1.1 UBS Limited ( UBSL ) provides an electronic trading service, which enables certain clients
More informationMARINE LIABILITY PRODUCTS
MARINE LIABILITY PRODUCTS www.prosightspecialty.com/marine Tim McAndrew tmcandrew@prosightspecialty.com 212-551-0618 Tom Zdrojeski tzdrojeski@prosightspecialty.com 212-551-0623 Robert Palmer rpalmer@prosightspecialty.com
More informationThe American Club. P&I CONSIDERATIONS ON SALVAGE SCOPIC Dorothea Ioannou
The American Club P&I CONSIDERATIONS ON SALVAGE SCOPIC Dorothea Ioannou Salvage and SCOPIC: What is it? What is SCOPIC? SPECIAL COMPENSATION PROTECTION & INDEMNITY CLAUSE History Traditionally Salvage
More informationIs Unseaworthiness a Viable Defense for Underwriters in the 21 st Century?
Is Unseaworthiness a Viable Defense for Underwriters in the 21 st Century? Treatment of Warranty of Seaworthiness in Courts of the United States INTERNATIONAL MARINE CLAIMS CONFERENCE DUBLIN October 23,
More informationPanel Practice Note No.1 PN1 S29 Insurance Contracts Act
Panel Practice Note No.1 PN1 S29 Insurance Contracts Act The Investments Life Insurance and Superannuation division of FOS is effectively a successor to the Financial Industry Complaints Service ( FICS
More informationShipping Law: From Alpha to Omega. Genoa. 3-4 March 2010. This seminar is organised in co-operation with. Co-organised by
Shipping Law: From Alpha to Omega This seminar is organised in co-operation with Genoa 3-4 March 2010 Co-organised by Wednesday 3 March 08:00-09:00 Registration / Coffee 09:00-09:20 Opening Remarks and
More informationPantaenius Yacht Third Party Liability Clauses
Definitions Combined Single Limit Insured Legal Liability Policyholder Natural Person Recklessness Third Party Vessel Wilful Act The maximum liability of the Insurers under this policy in respect of any
More informationThe jurisdiction of the Maritime Courts at the Panama Canal
The jurisdiction of the Maritime Courts at the Panama Canal By Remy Francisco Carreira-Franceschi remyfrancisco@carreirapitti.com History On the 23 rd day of January of 2009, Panamanian Legislature passed
More informationYACHT LIABILITY INSURANCE KNOW YOUR COVER
YACHT LIABILITY INSURANCE KNOW YOUR COVER YACHTOWNERS YACHT LIABILITY INSURANCE KNOW YOUR COVER This Know your cover is intended to provide general guidance for our Yacht Liability Insurance policy. They
More informationBELIZE LIMITED LIABILITY PARTNERSHIP ACT CHAPTER 258 REVISED EDITION 2003 SHOWING THE SUBSTANTIVE LAWS AS AT 31ST MAY, 2003
BELIZE LIMITED LIABILITY PARTNERSHIP ACT CHAPTER 258 REVISED EDITION 2003 SHOWING THE SUBSTANTIVE LAWS AS AT 31ST MAY, 2003 This is a revised edition of the Substantive Laws, prepared by the Law Revision
More informationJuly 14, 2015. Re: DOL Fiduciary Conflict of Interest Regulation RIN 1210-AB32
James D. Keeney, Esq. 4830 Shadyview Court Sarasota, Florida 34232 (941) 928-3378 July 14, 2015 Office of Regulations and Interpretations Employee Benefits Security Administration Attn: Conflict of Interest
More informationMarine Insurance. Course Contents
Marine Insurance Course Contents Introduction The importance of the shipping industry to the global economy is rarely fully appreciated, particularly by those who often take for granted the availability
More informationYACHTING AUSTRALIA INC. OVERSEAS TRANSIT AND RACING INSURANCE PROPOSAL FORM
YACHTING AUSTRALIA INC. OVERSEAS TRANSIT AND RACING INSURANCE PROPOSAL FORM INSURER: NAUTILUS MARINE INSURANCE AGENCY PTY LTD (ABN 34 100 633 038) 1. INSURED(S): 28-32 George Street, Sandringham VIC 3191
More informationSenate Standing Committee on Economics ANSWERS TO QUESTIONS ON NOTICE
Question: BET 411-425 Topic: Life Insurance Companies Hansard Page: Written Senator Madigan asked: 411. For each licensed non-mutual life insurer in Australia, for each of the financial years from 2007-08
More informationLaw of Maritime Salvage. An Overview
Law of Maritime Salvage An Overview Disclaimer Summary of law, not legal advice Each case is very fact specific Why do we care about salvage? Nature of Marine Salvage Law of marine salvage of ancient
More informationDGI04 Liability Insurance Underwriting
DGI04 Liability Insurance Underwriting Module Description: This module aims to provide the candidate with the knowledge and skills in commercial liability insurance operations. It deals with the legal
More informationGUIDE TO HULL CLAIMS. (July 2003 edition)
GUIDE TO HULL CLAIMS (July 2003 edition) Contents PAGE Introduction... 1 Chapter 1: Claims in General... 2/11 1 Included and excluded losses under English statutory law... 2 2 Proximate cause... 2/3 3
More informationUnited States Admiralty Law
United States Admiralty Law by Gerard J. Mangone KLUWER LAW INTERNATIONAL THE HAGUE / LONDON / BOSTON TABLE OF CONTENTS FOREWORD xiii CHAPTER 1 A BRIEF HISTORY OF ADMIRALTY LAW 1. Why Maritime Law? 1 2.
More informationMARITIME LAW AND MARINE INSURANCE CLAIMS
AN INVITATION TO OUR ANNUAL COURSE ON MARITIME LAW AND MARINE INSURANCE CLAIMS 15-19 SEPTEMBER 2014 PEWTERERS HALL LONDON OBJECTIVE The objective of the course is to provide you with the confidence to
More informationPRINCIPLES OF LIFE INSURANCE
4 PRINCIPLES OF LIFE INSURANCE 4.0 INTRODUCTION In the previous chapter, we have discussed essentials of Insurance contact. But in this chapter, we explained one of the important type of Insurance i.e.
More informationINSTITUTE OF CHARTERED SHIPBROKERS MARINE INSURANCE
INSTITUTE OF CHARTERED SHIPBROKERS APRIL 2008 EXAMINATIONS WEDNESDAY 30 APRIL AFTERNOON MARINE INSURANCE Time allowed Three hours Answer any FIVE questions All questions carry equal marks 1. Discuss the
More informationBELIZE LIMITED LIABILITY PARTNERSHIP ACT CHAPTER 258 REVISED EDITION 2000 SHOWING THE LAW AS AT 31ST DECEMBER, 2000
BELIZE LIMITED LIABILITY PARTNERSHIP ACT CHAPTER 258 REVISED EDITION 2000 SHOWING THE LAW AS AT 31ST DECEMBER, 2000 This is a revised edition of the law, prepared by the Law Revision Commissioner under
More informationDirectors Duties. Directors Duties
Directors Duties The Companies Act 2014 (the Act ), for the first time, codifies directors duties, drawing together both existing statutory rules on transactions involving directors and also the various
More informationReform of Japanese Maritime Law
Reform of Japanese Maritime Law Yosuke TANAKA Attorney-at-law, Tokyo, JAPAN HIGASHIMACHI, LPC (http://www.higashimachi.jp) I. Background 1. Japanese Maritime Law is now in the process of amendment. Japanese
More informationREPLY BY THE BRAZILIAN MARITIME LAW ASSOCIATION TO THE CMI QUESTIONNAIRE OF 27 MAY 2015 ON THE STUDY RELATING TO LIABILITY FOR WRONGFUL ARREST
REPLY BY THE BRAZILIAN MARITIME LAW ASSOCIATION TO THE CMI QUESTIONNAIRE OF 27 MAY 2015 ON THE STUDY RELATING TO LIABILITY FOR WRONGFUL ARREST I. INTERNATIONAL CONVENTIONS: (a) Please advise which, if
More informationPROTECTION & INDEMNITY INSURANCE
PROTECTION & INDEMNITY INSURANCE Whereas Hull & Machinery insurance covers shipowners against loss of or damage to their own ship, Protection & Indemnity Insurance (P&I) protects the Owner for his / her
More informationShipowner's Liability Insurance Protection & Indemnity GENERAL INSURANCE CONDITIONS
Shipowner's Liability Insurance Protection & Indemnity GENERAL INSURANCE CONDITIONS Version: 15 January 2010 Shipowner's Liability Insurance Protection & Indemnity GENERAL INSURANCE CONDITIONS Version:
More informationSue and Labour Clause in H&M and P&I Insurances A Comparative Study of Its Practical Operation and Efficiency
FACULTY OF LAW Lund University Jekaterina Badejeva Sue and Labour Clause in H&M and P&I Insurances A Comparative Study of Its Practical Operation and Efficiency Master thesis 30 credits (30 ECTS) Ph.D.
More information